this post was submitted on 09 Aug 2023
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Lyft wants to kill surge pricing.::The number of Lyft rides that were affected by surge pricing dropped 35% from the first quarter, according to CEO David Risher.

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[–] [email protected] 13 points 1 year ago (2 children)

Adjusting prices wouldn't have gotten you more trucks, would it? Ostensibly you'd still have just as many people that couldn't get a truck or had to travel. There was a spike in demand that wasn't being met.

[–] [email protected] 19 points 1 year ago* (last edited 1 year ago)

But if people knew up front they weren't getting a truck, they could make other plans. Instead they only found out the day before their move, that they were screwed.

In the case of Lyft, what's better: Knowing you'll be able to get a ride for 2-3x the price? Or finding out while standing on the curb, your normal priced ride won't be there for an hour or two?

[–] ThrowawayPermanente 2 points 1 year ago

If there's more money to be gained that week management has a good reason to work a little harder to have all of their trucks on the road at that time, or even find another source to rent them from temporarily